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Ethereum Price Forecast: Buying momentum returns amid steady network growth
Ethereum (ETH) has been seeing mild renewed buying activity since the beginning of the week. After recording steady inflows throughout last week, ETH Exchange Netflow has flipped to over 100K ETH in outflows this week. Exchange Netflows measures the difference between coins flowing in and out of crypto exchanges. The increase in outflows indicates higher buying pressure among investors trading ETH via spot exchanges. The move isn't limited to the spot market, as the Taker Buy Sell Ratio has also risen above 1. The metric measures the ratio of buy volume to sell volume for traders using market orders in perpetual swap ... (full story)
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